http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.29Change: -0.09
R/$ = 11.70Change: -0.05
Au 1207.85 $/ozChange: 1.57
Pt 1174.50 $/ozChange: -1.50
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Aug 22, 2008

On-The-Air (22/08/2008)

Back
Safm 22 August 2008
 
 
 
Engineering|Gold|Africa|CoAL|Electra Mining|Eskom|Mining|PROJECT|Africa|Zambia|Emeralds|Energy|Gemstones|Rubies|Diamonds|Electra Mining|Operations
Engineering|Gold|Africa|CoAL|Electra Mining|Eskom|Mining|PROJECT|Africa|Zambia|Emeralds|Energy|Gemstones|Rubies|Diamonds|Electra Mining|Operations
engineering|gold|africa-company|coal|electra-mining-company|eskom|mining|project|africa|zambia|emeralds|energy|gemstones|rubies|diamonds|electra-mining|operations
© Reuse this



Every Friday morning, SAfm’s AMLive’s radio anchor Tsepiso Makwetla speaks to Martin Creamer, publishing editor of Engineering News and Mining Weekly. Reported here is this Friday’s At the Coalface transcript:

Makwetla: The doyen of South African mining Brian Gilbertson has returned with big investment plans for the thriving coloured gemstone business. I am intrigued already.

Creamer: Brian Gilbertson, the man who created the biggest gold mining company in the world, BHP Billiton, is back with Pallinghurst. He has got his own skin in the game now and he is putting this business through the Johannesburg Stock Exchange.

One of the pillars of that is gemstones and he is saying that these gemstones – emeralds, sapphires and rubies – are at the stage that diamonds were 100 years ago and that the markets are booming in London and Paris and all the jewellery centres.

The actual mining side of it is very fragmented and under-capitalised and Gilbertson is moving in to change that, just as De Beers did 100 years ago. So, he has already got an emerald operation in Zambia, which he is transforming already with a bigger output, and his second pillar is Fabergé, which is the great brand name that was made famous in Russia.

Gilbertson has now got that Fabergé licence, which he bought from Unilever, and there will be a synergy between these gemstones and Fabergé. Of course, they are two separate pillars and will be operated separately, but the finest of the coloured gemstones will be branded with the Fabergé label.

Makwetla: Billions upon billions of rand going into coal mining to meet South Africa’s huge future energy needs.

Creamer: Yes that’s right. We find that if you add up the amounts being invested now in energy coal mining and expansion of coal mining, it is something in the region of R40-billion over the next ten years. We have Anglo Coal coming ahead with four new mines, the biggest of them Zondagsfontein coming through.

BHP Billition with R12-billion being invested in two new operations, the one is the Douglas Middelburg Optimisation project and the other the Klipspruit project. We also have the biggest supplier to Eskom, the black-owned Exxaro, listed on the Johannesburg Stock Exchange.

Their board has just approved a R9-billion additional investment into expanding the operation into Limpopo. The Grootegeluk coal plant that they have in Limpopo is already the biggest in the world, they are now going to double that up and also expand the mine.

We have Xstrata and African Rainbow Minerals with their R3-billion investment in Goedgevonden, which is due to produce next year. Then many medium-sized and smaller energy coal mine mining activities coming through, all on the back of a very strongly rising coal price.

The local price is also better than it was going into Eskom, but then the export prices are up in the high clouds of sometimes up to $150 per ton.

Makwetla: Johannesburg all set to host a record number of visitors for Africa’s biggest mining exhibition.

Creamer: That is the Electra Mining Africa coming up again. There will be about 35 000 people coming through, which is a record number they are expecting. The exhibitors themselves have a record number of 700 exhibitors.

They have taken up every single spare inch of space at the expo centre at Nasrec, which is 34 000 m2 of space. This is the second biggest mining exhibition in the world and it will take place from September 8 to September 12.

Makwetla: Thanks very much. Martin Creamer is publishing editor of Engineering News and Mining Weekly, he’ll be back with us at the same time next week.


Edited by: Creamer Media Reporter
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other SAFM
More
 
 
Latest News
The Sustainable Energy Society of Southern Africa (Sessa) on Friday called on the Department of Energy (DoE) to follow its three-step “rescue plan” aimed at resolving the uncertainty surrounding the administration of the solar rebate programme. Sessa said its...
South Africa's National Union of Mineworkers (NUM) said on Friday it would oppose any attempt by cash-strapped power utility Eskom to sell assets, especially its finance company which helps provide home loans to employees. Eskom CE Tshediso Matona told the Reuters...
More
 
 
Recent Research Reports
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
 
 
 
 
 
This Week's Magazine
The World Bank, the European Union, the African Development Bank (AfDB) and the government of Sweden have agreed to provide Zimbabwe and Zambia with $294-million for the repair of structural deformations on the Kariba dam wall and avert the possible collapse of the...
Global Electricity Initiative executive chairperson Philippe Joubert
Executive chairperson of the Global Electricity Initiative (GEI) Philippe Joubert says energy utilities globally, together with the business community more generally, have come to terms with the science of climate change, particularly as extreme weather events begin...
JAMES TEMPLETON Emira’s operational performance is the best it has been in a long time
JSE-listed Emira Property Fund reported distribution growth per participatory interest (PI) of 9% for the six months ended December 31, 2014.
JOAN MACNAUGHTON Many countries were also struggling to balance the energy trilemma of energy security, energy equity and environmental sustainability
Sub-Saharan Africa is still faced with the challenge of providing citizens access to electricity and an additional $450-billion will need to be invested to ensure that people in urban areas have access to electricity by 2040.
ABE THELA Cuban engineering skills are not recognised by the Engineering Council of South Africa
Consulting Engineers South Africa (Cesa) last month said it was dismayed that the Department of Water and Sanitation (DWS) was seconding 35 Cuban engineers on a two-year contract to share their expertise with South African engineers in the water sector.
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96